Risk Factors Update Summary

• Added geopolitical risks: Russia-Ukraine conflict, Israel-Hamas conflict, China-Taiwan tensions. These could impact operations.
• Growing competition from discount brokers, lower commission rates, and pending antitrust litigation. This could affect profitability significantly.
• Increased interest rates and inflation mentioned. These factors could affect financial performance.
• Introduction and integration of emerging technologies critical. Delays may harm competitiveness and profitability.
• Risks related to the Virbela platform highlighted. Decline in demand and uncertainty in the market could impact profitability.
• The company started paying cash dividends on August 4, 2021, and continued to pay dividends throughout the fiscal year ended December 31, 2023.
• Decline in home inventory levels noted throughout 2022 and 2023. Continual constraints may impact business.
• Seasonality and consumer behavior changes could negatively impact home sale transaction volume. This may affect financial performance.
• Future dividend payments are not guaranteed, and their amount will depend on various factors.
• Anti-takeover provisions in Delaware law and organizational documents may impede potential acquisitions.